All the ingredients for a rich retirement — at a fraction of the cost

En español | When it comes to looking for a place to retire, cost of living often tops the list of considerations. But there's a difference between living cheaply and living well. In narrowing down our list of The 10 Best Places to Live on $100 a Day, we sought out towns and cities that offered not only bargain prices, but also a rich quality of life.

To determine these select places, we began with a theoretical income of $36,500, or $100 a day. After taxes (at 25 percent) that is $27,375, or $2,281 a month. We looked for a median housing cost of $192,000, which means a mortgage of about $719 a month, leaving $1,562 a month for everything else.